According to a study conducted in one city, 34% of adults in the city have credit card debts of more than $2000. A simple ran
dom sample of n equals 350 adults is obtained from the city. Describe the sampling distribution of ModifyingAbove p with caret, the sample proportion of adults who have credit card debts of more than $2000. Round to three decimal places when necessary. A. Approximately normal; mu Subscript pequals0.34, sigma Subscript pequals0.001 B. Binomial; mu Subscript pequals119, sigma Subscript pequals8.862 C. Approximately normal; mu Subscript pequals0.34, sigma Subscript pequals0.025 D. Exactly normal; mu Subscript pequals0.34, sigma Subscript pequals0.025
